|Bid||0.00 x 800|
|Ask||140.00 x 1200|
|Day's Range||138.10 - 143.32|
|52 Week Range||103.29 - 198.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||167.80|
Last year, Spotify gave away a free Google Home Mini speaker to US users, and this year, it's bringing that offer to the UK. Starting today, both new and existing Premium for Family Plan subscribers can sign up to get a free device -- normally priced at £49 -- until May 14th while stock permits, Spotify said.
Last week, in a fight over Apple’s mobile app storefront, Spotify Technology SA painted Apple as a bully that keeps people from enjoying music they love. Apple portrayed itself as a job-creating protector of the Everyman and Spotify as a scourge. Spotify has never liked this, and relations got worse after Apple in 2015 started a competing music service.
Apple Inc. defended its practice of taking a 30% cut of sales through its App Store following criticism from Spotify Technology SA, escalating a fight between the tech companies as regulators increasingly scrutinize the industry. The iPhone maker was responding to an antitrust complaint Spotify filed earlier this week in Europe, in which the streaming-music company accused Apple of abusing the App Store to limit competition against its own Apple Music. The European company also published an animated video illustrating how it says Apple limits competitors, and said in a blog post that Apple had blocked Spotify from its Siri virtual assistant, HomePod voice-activated speaker and Apple Watch.
Lyft is expected to reveal its IPO price range as early as Monday, a move that will coincide with the start of its road show, the process of promoting the stock offering to institutional investors. Comparisons to Uber, its larger rival also on the path to an IPO, are unavoidable. “In this box, or quadrant, you have two guys in the market, Uber and Lyft.
Apple has launched a vigorous defense of its App Store business model in response to Spotify lodging an antitrust complaint against it in Europe. Apple says Spotify is being misleading.
As the pay-to-stream model continues to drive the digital music industry, streaming services are looking to original content and bundled services to increase profits. Spotify’s acquisition of Gimlet Media and Apple’s deal with Verizon are two recent examples of this move. Both Wall Street and players within the music industry see the benefits of expanding audio streaming service offerings.
Spotify filed a legal complaint with the European Commission this week accusing Apple of engaging in unfair competition. Spotify argues Apple is acting as "both a player and referee" by simultaneously running its App Store and offering a rival streaming music service. Apple charges Spotify and other apps a 30-percent fee on purchases made through its payment system, which Spotify said forces the company to charge a premium membership price compared to Apple Music.
said Friday that its helped customers download more than 300 million Spotify apps as the tech giant hit back at a complaint from the streaming music service alleging unfair competitive practices. Spotify Technology SA, maker of the music streaming app, told EU antitrust regulators earlier this week that Apple favored its own music service, to the detriment of rivals, thanks in part to fees it charges other app makers to selling content on its platform and Apple's restrictions on linking to external pages where price promotions can be found. "After using the App Store for years to dramatically grow their business, Spotify seeks to keep all the benefits of the App Store ecosystem - including the substantial revenue that they draw from the App Store's customers - without making any contributions to that marketplace," Apple said Friday.
Facebook (FB) partners with three India-based music labels to allow users to be more expressive on the platform and also increase engagement levels.
In statement published Thursday, Apple said Spotify is seeking all the benefits of a free app, without being free. "Spotify wouldn't be the business they are today without the App Store ecosystem," Apple said. Spotify filed a complaint with the European Commission this week claiming the App Store deprives consumers of choice and imposes unfair fees on competitors.
The iPhone maker said the App Store contributed to Spotify becoming the business it is today, a public company that generates over a billion dollars of revenue per quarter, according to a statement on Friday. Spotify, which offers both free and paid services, complained to the European Union’s powerful antitrust agency that Apple’s 30 percent cut of revenue was effectively a tax on competitors. The feud comes as Apple expands by launching new services, moving into new business areas that compete with third-parties on its platform.
Apple is firing back in response to Spotify's European Commission (EC) complaint . In a newsroom release , the company said that Spotify "seeks to keep all the benefits of the App Store ecosystem ... without making any contributions to that marketplace." It added that the App Store has generated $120 billion for developers while offering users a secure platform, and that Spotify is seeking to side to sidestep the rules that every other app follows. "Spotify has every right to determine their own business model, but we feel an obligation to respond when Spotify wraps its financial motivations in misleading rhetoric about who we are," the company wrote.
Two days after Spotify announced that it had filed a suit against Apple withthe European Commission over anticompetitive practices, Apple today issuedits own response of sorts
Erik Diehn, the CEO of podcast platform Stitcher, says podcasts are “the perfect medium for an on-the-go generation who is multitasking all the time.” Yahoo Finance’s Alexis Christoforous speaks to him.
Apple responded to Spotify Technology complaint with EU antitrust regulators, saying the audio streaming service "wants all the benefits of a free app without being free". Fred Katayama reports.
Apple released a statement responding to Spotify's complaints. Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Cheung, and Jared Blikre join Manulife Managing Director & Chief Economist Megan Greene to discuss.